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Putin and Modi announced that India and Russia have finalized an economic cooperation program until 2030, which will help diversify bilateral trade and boost annual trade to USD 100 billion by 2030. They also emphasized strong energy ties.
Indian Prime Minister Narendra Modi on Friday hailed the relationship between New Delhi and Moscow after holding talks with Russian President Vladimir Putin. Putin was in India for an annual summit, and both parties agreed to diversify mutual economic ties. The United States presses India to review its decades-old partnership with Russia.
The 23rd Russia-India Summit comes at a pivotal moment as the U.S. pushes for a Ukraine peace deal while seeking global cooperation. It will test New Delhi’s efforts to balance relations with Moscow and Washington as the nearly four-year conflict in Ukraine continues.
Putin and Modi announced that India and Russia have finalized an economic cooperation program until 2030, which will help diversify bilateral trade and boost annual trade to USD 100 billion by 2030. They also emphasized strong energy ties.
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Experts are eagerly awaiting how this will affect the proposed signing of India’s trade agreement with both US and EU.
